Is the change in globalization’s rhythm an opportunity for Latin-American emerging economies?

2018 ◽  
pp. 14-32
Author(s):  
Pierre Salama
Keyword(s):  
Latin American ◽  
Emerging Economies

scholarly journals Are migrants in/from emerging economies more entrepreneurial than natives?

2021 ◽  
Author(s):  
Maribel Guerrero ◽  
Vesna Mandakovic ◽  
Mauricio Apablaza ◽  
Veronica Arriagada
Keyword(s):  
Human Capital ◽  
Labour Market ◽  
Latin American ◽  
Emerging Economies ◽  
Anecdotal Evidence ◽  
Developed Economies ◽  
Institutional Approach ◽  
Migrant Entrepreneurship ◽  
Academic Debate ◽  
Skilled Migrant

AbstractThe academic debate in migrant entrepreneurship has mainly focused on movements from emerging economies into developed economies. Anecdotal evidence has suggested that the highest impact is generated by migrants in/from emerging economies. To extend this academic discussion in the Latin-American context, this study investigates why migrants are more entrepreneurial than natives. By adopting the human capital and the institutional approach, we theorize that individual and environmental conditions produce selection/discrimination effects in the host labour market. Consequently, these effects influence migrants’ decision to become entrepreneurs. We tested our hypotheses using a sample of 13,368 adults between the ages of 18–64 based across the 16 Chilean regions. Our results showed that being a high-skilled migrant in a dynamic emerging economy is not a guarantee of success in the labour market, but it is a determinant of international and necessity-driven entrepreneurship. Several implications and a provocative discussion emerged from these findings.

Innovation and Agronomy

2016 ◽  
pp. 392-418
Author(s):  
Ariel R. Soto Caro
Keyword(s):  
Developing Countries ◽  
Latin American ◽  
Emerging Economies ◽  
Public Policies ◽  
Agricultural Industry ◽  
Representative Case ◽  
World Power ◽  
Relationship Of ◽  
The Relationship ◽  
Latin American Countries

This chapter presents an empirical discussion about the relationship of agricultural industry and innovation in emerging economies. Then, a general revision of the innovation, agronomy and public policies associated will be reviewed. This chapter is immersed in the Chilean case. The author justifies that Chile can be a representative case because it is a country that wishes to become a world power in agro-food, but has very low investment in innovation. Besides, it has very low participation of agricultural innovative firms in the market. After the background is presented, innovation and development will be reviewed; subsequently, innovation in developing countries will be discussed, concluding with agro-innovation in Latin-American countries, especially in Chile.

scholarly journals Applying QCA with Fuzzy Logic to Generate a Refined set of Factors for Information Systems Adoption: The Case of Public Ecuadorian Organization, an Example of IS Adoption in Emerging Economies

2019 ◽  
Vol 15 (03) ◽  
pp. 33 ◽  
Author(s):  
Nayeth I. Alcivar ◽  
Louis Sanzogni ◽  
Luke Houghton
Keyword(s):  
Fuzzy Logic ◽  
Information Systems ◽  
Technology Adoption ◽  
Latin American ◽  
Emerging Economies ◽  
Qualitative Comparative Analysis ◽  
Adoption Studies ◽  
Local Contexts ◽  
Logic Process ◽  
Geographical Scope

Information Systems (IS) research continues to contribute to a long list of technology adoption factors from many studies conducted outside the Latin American (LAT) nations. These investigations fail to appropriate the context of IS adoption in LAT. This fail is mainly due to the geographical scope of existing studies. Those aimed at North America for example, are out of context regarding a diverse technological approach when applied to LAT. Further, uncertainty and an inability to predict outcomes of technology adoption, create variances in results because the local contexts are not considered. The reasons for this are unclear from existing studies. To detailed explore this problem further, a Qualitative Comparative Analysis (QCA) was applied to LAT economies, expecting to assess a refined set of drivers from existing technology adoption studies. A Fuzzy Logic process was used to refine these drivers. The research found that fourteen themes are candidates for future study purposes. The drivers provide LAT stakeholders, as well as actors from other emerging economies, with a contextual frame that can be the basis for adopting technology more meaningfully within these nations

Determinants of firm competitiveness in Latin American emerging economies

2007 ◽  
Vol 27 (5) ◽  
pp. 501-523 ◽  
Author(s):  
Luiz F. Mesquita ◽  
Sergio G. Lazzarini ◽  
Patrick Cronin
Keyword(s):  
Latin American ◽  
Emerging Economies

Exploring Emerging Latin America: Implications for German Companies Using Spain as a Springboard Country

2017 ◽  
Vol 18 (4) ◽  
pp. 993-1009 ◽  
Author(s):  
Rohit Subhash Prabhudesai ◽  
Ch V V S N V Prasad ◽  
Boon Chuan Ang
Keyword(s):  
Latin America ◽  
Latin American ◽  
Emerging Economies ◽  
The European Union ◽  
Cultural Issues ◽  
Cultural Experience ◽  
Qualitative And Quantitative ◽  
Cultural Bridge ◽  
Latin American Countries ◽  
Direct Market

This article seeks to determine the means by which European companies can make use of Latin European countries as a springboard to emerging markets in Latin America. For the sake of this study, Germany and Spain were used as the European and springboard countries, respectively. Cultural issues experienced by German companies in Asia have made it imperative for them to explore alternative emerging economies, such as Latin American countries. However, Latin America represents an equally risky opportunity through direct market entry owing to the cultural gap across the two regions. Given the interactions between members of the European Union and the cultural similarities between Spain and Latin America, the hypothesis of former being a cultural bridge was tested. The qualitative and quantitative cultural parameters across Germany, Spain and Latin America were compared and results showed that Spanish cultural experience can bridge the German–Latin American cultural gap.

scholarly journals Relations between China and Latin America: Inter-regionalism beyond the Triad

2015 ◽  
Vol 37 (3) ◽  
pp. 379-402
Author(s):  
Bernadett Lehoczki
Keyword(s):  
Latin America ◽  
Latin American ◽  
Global Governance ◽  
Emerging Economies ◽  
Regional Cooperation ◽  
Developing Regions ◽  
The World

Inter-regionalism refers to regular forms of cooperation between regions or actors from different regions and is a result of the parallel phenomena of globalization and regionalism. Inter-regional links are rapidly developing all around the world and form a new level of global governance. Though originally inter-regionalism typically connected the actors of the so-called Triad, today emerging economies and developing regions are more active and visible participants of inter-regional cooperation. The article examines the perspectives and limitations of inter-regional relations between China and Latin America as a new dimension of deepening Sino—Latin American relations.

scholarly journals COVID-19 Pandemic Initial Effects on the Idiosyncratic Risk in Latin America

2021 ◽  
Vol 16 (3) ◽  
pp. 1-21
Author(s):  
Andre Assis de Salles
Keyword(s):  
Latin American ◽  
Emerging Economies ◽  
Idiosyncratic Risk ◽  
Project Financing ◽  
Specific Risk ◽  
Conditional Models ◽  
International Investors ◽  
Financing And Investment ◽  
The Impact ◽  
Latin American Countries

This work aims to estimate the idiosyncratic risk of Latin American economies and emerging economies using heteroscedastic conditional models to verify the impact of the Covid-19 pandemic on the risk associated with productive projects. The methodology used is based on the portfolio theory to estimate the idiosyncratic risk. The results highlight that Latin American economies are more susceptible to sanitary crises, such as the current pandemic, than emerging economies. The inability of emerging countries to generate the necessary savings to provide for their development imposes the need to attract resources for project financing and investment. Thus, determining the specific risk of Latin American countries is fundamental for international investors giving them another parameter when deciding on investment or financing on the continent. Originally, this work demonstrates how the sanitary crisis deriving from the Covid-19 pandemic affected the idiosyncratic or specific risk of Latin American economies using their capital market indicators. This study contributes to the assessment of Latin American economies specific risk or country risk at the beginning of the pandemic.

scholarly journals Forecasting Inflation in Latin American Countries Using a SARIMA-LSTM Combination

2021 ◽  
Author(s):  
Rodrigo Peirano ◽  
Werner Kristjanpoller ◽  
Marcel Minutolo
Keyword(s):  
Latin American ◽  
Emerging Economies ◽  
Short Term Memory ◽  
Mean Squared Error ◽  
Moving Average ◽  
Inflation Forecasts ◽  
Inflation Forecasting ◽  
Forecasting Inflation ◽  
New Research ◽  
Model Confidence Set

Abstract Inflation forecasting has been and continues to be an important issue for the world's economies. Governments, through their central banks, watch closely inflation indicators to make national decisions and policies. Controlling growth and contraction requires governments to keep a close eye on the rate of inflation. When planning strategic national investments, governments attempt to forecast inflation over longer periods of time. Getting the inflation forecast wrong, can result in significant economic hardships. However, even given its significance, there is limited new research that applies updated methodologies to forecast it, and even fewer studies in emerging economies where inflation may be drastically higher. This study proposes to forecast the inflation rate in emerging economies based on the commonly used Seasonal Autoregressive Integrated Moving Average (SARIMA) approach combined with Long Short Term Memory (LSTM). The results indicate that the proposed model based on the combination of SARIMA and LSTM, have a higher accuracy in inflation forecasts as measured by the Mean Square Error (MSE) of the proposed models over the SARIMA model and LSTM alone. The loss function used is Mean Squared Error (MSE), and the Model Confidence Set (MCS) is used to test the superiority of the models in the economies of Mexico, Colombia and Peru.

The investment attributes of Mexico REITs as a listed property investment vehicle

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Jufri Marzuki ◽  
Graeme Newell
Keyword(s):  
Latin American ◽  
Emerging Economies ◽  
Portfolio Optimisation ◽  
Portfolio Risk ◽  
Property Market ◽  
Content Type ◽  
Risk Return ◽  
Latin American Region ◽  
The World ◽  
Asset Portfolio

PurposeMexico REITs are a significant and important REIT market, both in a regional and in emerging property market context. As one of the few emerging economies in the world with an active REIT market, Mexico REITs are specifically designed to provide an effective pathway to participate in the investment opportunities offered by the Mexico commercial property market for both domestic and international investors. Importantly, Mexico REITs provide additional property investment benefits such as a high degree of transparency, governance and liquidity. The main focus of this research is to highlight the significance of Mexico REITs and assess their performance dynamics, as well as the added-value benefits of Mexico REITs in mixed-asset investment portfolios.Design/methodology/approachUsing monthly total returns, the risk-adjusted performance and portfolio diversification potential of Mexico REITs over April 2011–December 2019 were assessed. A constrained mean-variance portfolio optimisation framework was used to develop a three-asset portfolio scenario using the historical returns, risk and correlation of Mexico REITs and the other two major financial assets.FindingsDespite being more volatile than the mainstream asset classes, Mexico REITs delivered the strongest risk-adjusted performance versus stocks and bonds over April 2011–December 2019, which was made possible by the high premium of their total return performance. Notably, Mexico REITs offered excellent diversification potential with bonds, whilst demonstrating a marginal positive correlation with the stock market. These investment attributes of Mexico REITs have brought immediate benefits towards their ability to add value to the Mexico mixed-asset portfolio fabric across a wide portfolio risk–return spectrum.Practical implicationsWhilst their initial establishment in 2004 was considered unsuccessful, the ongoing regulatory improvements have been pivotal in providing a supportive investment environment to nurture the organic growth of Mexico REITs. This now sees the Mexico REIT market as an exemplar of success for REIT establishments amongst its peers in the Latin American region, as well as for emerging economies worldwide. Mexico REITs are now an important REIT market, as the second largest emerging REIT market in the world. The empirical investigation of this research has established the investment attributes of Mexico REITs as a listed property investment vehicle. The strong risk-adjusted performance of Mexico REITs compared to stocks and bonds sees Mexico REITs contributing to the mixed-asset portfolio across the portfolio risk–return spectrum. This is particularly important as it provides insights into the broader strategic implications of Mexico REITs as an effective, transparent and tax-efficient conduit for high-quality Latin American property exposure in a liquid format.Originality/valueThis paper is the first published empirical research that elucidates the investment attributes of Mexico REITs, highlighting their significance, risk-adjusted and portfolio performance enhancement role as an emerging REIT market. The main outcome of this research enables empirically validated, more informed and practical property investment decision-making regarding the strategic role of Mexico REITs in an investment portfolio.

Sign in / Sign up

Export Citation Format

Share Document